Global economic growth rates will fall this year, with the International Monetary Fund revising down its forecasts for 2013 and 2014 accordingly.
Unemployment has been up by 95 000 in April and, if the trend continues, an unenviable milestone will be reached by Christmas.
There have been only a handful of occasions when a decline has been seen equivalent to the May 22 sell-off in Tokyo.
The IMF has warned that the repair job on the world's financial system is partly completed and failure to finish it risks a new phase for the crisis.
Portugal is heading towards its second international bailout.
The dismal failure of Europe's monetary union means it should be abandoned to save countries.
Germany is not just Europe's biggest economy and the message from the eurozone's paymaster is simple: if we can do it, so can you.
Figures from the advocacy group One indicated that Europe had failed to meet pledges made at the Gleneagles G8 summit in 2005.
Europe's leaders met on Wednesday for crisis talks to rescue the euro amid a warning from the West's leading economic think-tank.
The worst of the recession is over, unemployment is on the right path, decisive action has been taken on a foreign field but Obama is still lost.